Highbridge Capital Management is the latest hedge fund to try to take advantage of distressed bank debt with plans for a $1 billion fund.
The JPMorgan Chase unit began marketing Highbridge Leveraged Loan Partners last week, the New York Post reports. The fund will buy distressed paper originating over the past year-and-a-half that banks are seeking to get off their balance sheets amid the credit crisis.
The new fund will reportedly impose a three-year lockup period.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...